Innio (NASDAQ:INIO) Shares Gap Down – What’s Next?

Innio N.V. (NASDAQ:INIO) gapped down before the market opened on Wednesday . The stock had previously closed at $30.37, but opened at $28.49. Innio shares last traded at $29.6950, with a volume of 424,598 shares trading hands.

Analyst Upgrades and Downgrades

INIO has been the topic of several recent research reports. BNP Paribas Exane initiated coverage on Innio in a report on Monday, June 29th. They set an “outperform” rating and a $48.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Innio in a report on Monday, June 29th. They issued a “buy” rating and a $42.00 target price for the company. Zacks Research upgraded shares of Innio to a “hold” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada initiated coverage on shares of Innio in a research note on Monday, June 29th. They set a “sector perform” rating and a $39.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Innio has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Stock Performance

About Innio

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.